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THE LIGHTSTONE GROUP SIGNS COBALT FINANCIAL SOLUTIONS, LLC
TO LONG-TERM LEASE IN ST. ROSE, LA

LAKEWOOD, N.J. (June 8, 2009) – The Lightstone Group, one of the largest private real estate owners in the country, today announced that Cobalt Financial Solutions, LLC, has signed a 3,500-square-foot, long-term lease at 115 James Drive West in St. Rose, La.

Cobalt Financial Solutions, LLC develops quality products and services that promote the education of financial planning to financial planning professionals, academics, and consumers. Current textbooks include Estate Planning for Financial Planners, Retirement Planning & Employee Benefits for Financial Planners, and Income Tax Planning for Financial Planners. Cobalt will use this space as the company’s customer service base and for textbook editing.

115 James Drive West is located in James Business Park between the New Orleans International Airport and Interstate 310 on Airline Highway. This industrial and warehouse location is also home to Digimation, Inc. and Coram Healthcare.

“115 James Drive West is a premier 21,408-square foot building offering tenants quality office and warehouse space in one great location,” said Eric Marx, senior vice president of asset management for The Lightstone Group. “The space accommodates the variety of business needs that Cobalt Financial Solutions is seeking.”

To learn about leasing opportunities at 115 James Drive West, contact Jennifer A. Lee, director of marketing and leasing for Sealy & Company at (504) 463-5600, ext. 11 or JenniferL@sealynet.com.

The Lightstone Group is one of the country's largest privately held real estate companies with interests in residential, office, retail, hospitality and industrial real estate assets. Principally through its operating entities including Prime Retail, Prime Group Realty Trust and Beacon Management, the company owns a diversified portfolio of more than 19,000 multifamily units and 24 million square feet of office, industrial, hotel and retail properties in 27 states, the District of Columbia, and Puerto Rico. Headquartered in New York, The Lightstone Group has approximately 1,150 employees and maintains regional offices in Maryland, Illinois and New Jersey. For more information, visit www.lightstonegroup.com.